Foreign Exchange Management Act
GPTKB entity
Statements (26)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Indian legislation
|
| gptkbp:abbreviation |
gptkb:FEMA
|
| gptkbp:administeredBy |
gptkb:Reserve_Bank_of_India
gptkb:Central_Government_of_India |
| gptkbp:appliesTo |
whole of India
all branches, offices, and agencies outside India owned or controlled by a person resident in India |
| gptkbp:category |
1999 in Indian law
Acts of the Parliament of India 1999 Indian economic legislation |
| gptkbp:dateEnacted |
1999
|
| gptkbp:enactedBy |
gptkb:Parliament_of_India
|
| gptkbp:enteredIntoForce |
1 June 2000
|
| https://www.w3.org/2000/01/rdf-schema#label |
Foreign Exchange Management Act
|
| gptkbp:penalty |
contravention may result in penalty up to thrice the sum involved
|
| gptkbp:purpose |
facilitate external trade and payments
promote orderly development and maintenance of foreign exchange market in India |
| gptkbp:repealedBy |
gptkb:Foreign_Exchange_Regulation_Act,_1973
|
| gptkbp:replacedBy |
gptkb:Foreign_Exchange_Regulation_Act
|
| gptkbp:section |
Section 3 prohibits dealing in foreign exchange except through authorized persons
Section 13 deals with penalties Section 37 deals with enforcement of the Act Section 6 deals with capital account transactions Section 7 deals with export of goods and services |
| gptkbp:bfsParent |
gptkb:Indian_legislation
gptkb:FERA |
| gptkbp:bfsLayer |
5
|